The 2018-19 Federal Budget announcements were wide-ranging and much of the detail has not yet been released. Announcements include:
- $20K accelerated depreciation extended until 30 June 2019 for SMEs
- Introduction of a three-year cycle for SMSF audits for compliant funds
- Seven year personal tax cut plan
For further details, please refer to our concise and helpful Federal Budget 2018-19 Summary*
*Please note that this Summary is about proposals, which have not yet been legislated.
If you have any concerns or would like to discuss how the Budget changes may affect you and your business, please contact us: 3217 5700 or [email protected]
P+Y Accountants and Business Advisors are known for expanding the possibilities for professionals and enterprising business owners.
The information contained here is general and not intended to serve as advice. Any information supplied is not a substitute for independent professional advice. We do not warrant the accuracy, reliability, completeness or adequacy of the information or material. All information is subject to change without notice. P+Y and each party providing material displayed here disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. Users are encouraged to contact P+Y for advice concerning specific matters before making any decision
